Some of last year's most popular players — including Amazon, Netflix and Google-parent Alphabet — have taken a beating so far in 2016. Shares of social media companies LinkedIn and Twitter both took a recent dive after earnings reports.

Twitter's stock fell more than 4 percent Thursday after the company posted a sequential user drop for its fourth quarter. Despite the weakness, its revenue of $701 million beat expectations and rose 48 percent from the previous year.

Adam Jeffery | CNBC

With its shares down about 70 percent in the last year, Twitter's valuation "makes sense," contended trader David Seaburg. He said the company holds "tremendous brand value" and could get a boost from possible activist investor activity.